Section 793 Full rent-a-room relief: property income
(1)
This section applies if the individual has any rent-a-room receipts for the tax year which would otherwise be brought into account in calculating the profits of a UK property business.
(2)
In calculating those profits—
(a)
those receipts for the tax year, and
(b)
any expenses associated with them,
are not brought into account.
(3)
No relevant balancing charge or relevant allowance (see section 802) is made in calculating those profits for the tax year.
Notes on Part 7
Textual amendments
- F1
Words in Pt. 7 heading substituted (16.12.2010) (with effect in accordance with Sch. 1 para. 36 of the amending Act) by Finance (No. 3) Act 2010 (c. 33), Sch. 1 para. 34 (with Sch. 1 para. 37)